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            <li class="nav-item" data-bs-level="1"><a href="#rsi" class="nav-link">价值成长RSI择时策略</a>
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            <li class="nav-item" data-bs-level="2"><a href="#1" class="nav-link">1. 策略分类和核心逻辑</a>
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            <li class="nav-item" data-bs-level="2"><a href="#2" class="nav-link">2. 选股条件</a>
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            <li class="nav-item" data-bs-level="2"><a href="#3" class="nav-link">3. 买入条件</a>
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            <li class="nav-item" data-bs-level="2"><a href="#4" class="nav-link">4. 卖出条件</a>
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            <li class="nav-item" data-bs-level="2"><a href="#5" class="nav-link">5. 仓位管理</a>
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            <li class="nav-item" data-bs-level="2"><a href="#6" class="nav-link">6. 风控管理</a>
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            <li class="nav-item" data-bs-level="2"><a href="#7" class="nav-link">7. 手动实操步骤（纯人工交易版）</a>
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<h1 id="rsi">价值成长RSI择时策略</h1>
<h2 id="1">1. 策略分类和核心逻辑</h2>
<ul>
<li>一级分类：基本面+技术面复合策略</li>
<li>二级分类：价值成长RSI择时策略</li>
<li>核心逻辑：结合价值投资的基本面筛选与RSI技术指标择时，在优质小市值股票中寻找被低估标的，通过月度调仓和日度RSI止盈实现价值发现与技术择时的双重优势。</li>
</ul>
<h2 id="2">2. 选股条件</h2>
<ul>
<li>选股范围：全市场A股</li>
<li>排除范围：</li>
<li>科创板、北交所股票</li>
<li>ST股及其他退市标签股</li>
<li>上市未满375天的次新股</li>
<li>当日停牌股票</li>
</ul>
<p>基本面筛选标准：
- 估值指标：
  - 市净率（PB）：0-10倍
  - 市现率（PCF）：&lt; 5倍
- 盈利能力：
  - 净资产收益率（ROE）：&gt; 30%
  - 销售毛利率：&gt; 30%
- 成长能力：
  - 净利润同比增长率：&gt; 150%
- 市值偏好：
  - 按总市值从小到大排序
  - 初步筛选50只最小市值股票</p>
<p>技术面筛选标准：
- RSI指标：
  - 14日RSI &lt; 50（处于弱势区间）
  - 选择被低估的优质股票
- 最终持仓：选择前10只股票构建组合</p>
<h2 id="3">3. 买入条件</h2>
<ul>
<li>交易频率：月度调仓（每月第1个交易日）</li>
<li>买入规则：</li>
<li>通过基本面筛选50只候选股</li>
<li>用RSI技术指标进一步筛选</li>
<li>等权重分配资金到最终10只股票</li>
<li>执行方式：开盘立即执行调仓</li>
</ul>
<h2 id="4">4. 卖出条件</h2>
<ul>
<li>定期调仓：月度统一调仓，卖出非目标股</li>
<li>技术止盈：</li>
<li>每日检查持仓股RSI指标</li>
<li>14日RSI &gt; 70时卖出（超买区域）</li>
<li>及时锁定盈利，避免回调</li>
<li>调仓逻辑：完全根据月度选股结果决定去留</li>
</ul>
<h2 id="5">5. 仓位管理</h2>
<ul>
<li>持仓数量：固定10只股票</li>
<li>资金分配：严格的等权重分配</li>
<li>调仓频率：月度调仓，降低交易频率</li>
<li>监控频率：每日技术指标监控</li>
<li>仓位控制：接近满仓运作</li>
</ul>
<h2 id="6">6. 风控管理</h2>
<ul>
<li>基本面风控：严格的财务指标确保标的质量</li>
<li>估值风控：控制估值水平，避免过高溢价</li>
<li>技术风控：RSI指标及时止盈，控制回撤</li>
<li>分散风控：10只股票分散投资，降低个股风险</li>
<li>流动性风控：排除高风险板块股票</li>
</ul>
<h2 id="7">7. 手动实操步骤（纯人工交易版）</h2>
<p>第一步：盘前准备（每个交易日9:05）</p>
<ol>
<li>持仓管理：</li>
<li>更新当前持仓列表</li>
<li>准备当日监控工作</li>
</ol>
<p>第二步：月度选股（每月第1个交易日）</p>
<ol>
<li>基础筛选：</li>
<li>获取全市场股票列表</li>
<li>
<p>排除科创、北交、ST、次新、停牌股票</p>
</li>
<li>
<p>基本面筛选：</p>
</li>
<li>筛选PB在0-10倍、PCF&lt;5倍的股票</li>
<li>筛选ROE&gt;30%、毛利率&gt;30%的股票</li>
<li>筛选净利润增长&gt;150%的股票</li>
<li>
<p>按市值排序选择前50只最小市值股票</p>
</li>
<li>
<p>技术面筛选：</p>
</li>
<li>计算50只候选股的14日RSI值</li>
<li>选择RSI &lt; 50的股票（处于弱势但基本面优质）</li>
<li>取前10只构建最终投资组合</li>
</ol>
<p>第三步：月度调仓（每月第1个交易日9:30）</p>
<ol>
<li>调仓执行：</li>
<li>卖出所有不在新组合中的持仓</li>
<li>等分资金买入10只目标股票</li>
<li>完成月度调仓</li>
</ol>
<p>第四步：每日监控（每个交易日9:30）</p>
<ol>
<li>技术止盈：</li>
<li>计算每只持仓股的14日RSI值</li>
<li>如RSI &gt; 70，立即卖出该股票</li>
<li>实现及时止盈，锁定收益</li>
</ol>
<p>第五步：持续优化</p>
<ol>
<li>参数回顾：</li>
<li>回顾基本面筛选标准的有效性</li>
<li>优化RSI参数的敏感性</li>
<li>调整持仓数量与资金分配</li>
</ol>
<p>策略逻辑解析：
- 价值投资逻辑：寻找高ROE、高增长、合理估值的好公司
- 小市值效应：利用小市值股票的历史超额收益
- 逆向思维：在RSI弱势时买入，避免追高
- 趋势跟踪：在RSI超买时卖出，及时止盈
- 复合优势：基本面确保质量，技术面优化时机</p>
<p>交易成本考虑：
- 买入佣金：0.03%
- 卖出佣金：0.03%
- 印花税：0.1%
- 最低佣金：5元/笔
- 滑点：0.3%</p>
<p>风险提示： 该策略对财务数据的准确性有较高依赖，需要关注财报发布周期的影响。RSI指标在趋势性行情中可能过早卖出，错过更大涨幅。小市值股票在流动性紧张时可能面临较大的冲击成本。高ROE和高增长的要求可能限制可选标的范围，在特定市场环境下可选股票较少。策略在价值因子失效时期可能表现不佳。</p></div>
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